UPDATE: Wolfe Research Starts Twilio (TWLO) at Outperform

April 22, 2021 4:26 PM EDT
Get Alerts TWLO Hot Sheet
Price: $294.70 -4.05%

Rating Summary:
    28 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 16 | New: 44
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(Updated - April 22, 2021 4:43 PM EDT)

Wolfe Research analyst Alex Zukin initiates coverage on Twilio (NYSE: TWLO) with a Outperform rating and a price target of $480.00.

The analyst comments "The key stock catalyst, in our opinion, will be the company’s ability to comp a 50% CY20 growth year with another 50% growth year and sustain 30%+ growth rates over multiple years. Product catalysts for 2021 include 1) Core Messaging business that doesn’t decelerate aided by the rise of bidirectional messaging, 2) Ramping Flex momentum, 3) Segment synergies and the launch of a developer-friendly Customer Data Platform, 4) vertical focus (FinServ and Healthcare today, Federal soon), and 5) greater Enterprise penetration (18% G2K logos are customers today, contributing a modest $30M in annualized revenue)."

For an analyst ratings summary and ratings history on Twilio click here. For more ratings news on Twilio click here.

Shares of Twilio closed at $370.20 yesterday.

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